In a significant development for Ukraine’s military capabilities, Sweden has announced plans to supply Ukraine with a total of 36 Gripen fighter jets next year. This includes the sale of 20 new Gripen E models and the donation of 16 older C/D models, as confirmed by Ukrainian President Volodymyr Zelenskyy and Swedish Prime Minister Ulf Kristersson during a joint press conference in Uppsala.
Strengthening Ukraine’s Air Defense
Following a letter of intent signed last year, Sweden has paved the way for the potential sale of up to 150 Saab Gripen E jets to Ukraine. The delivery of these aircraft is a priority for Ukraine’s air defense, with the country’s defense minister indicating a deal could be finalized soon, bolstered by a significant €90 billion ($105 billion) loan from the European Union.
At the press conference, Prime Minister Kristersson said, “Gripen is the best and optimal choice for Ukraine. So today, we take the next major step on this joint journey,” as two Gripen jets were showcased at the Uppsala air base. President Zelenskyy emphasized the importance of the jets, stating, “We need these jets, and for us this is really a new page for Ukraine.”
Ukraine has allocated €2.5 billion from the EU loan for its aircraft purchases, with deliveries of the new models anticipated by 2030. In the interim, the older jets will serve as a provisional enhancement to Ukraine’s existing air defense systems.
Impact on Saab and Sweden’s Defense Industry
The announcement has positively impacted Saab, with shares rising by 4.4% in European markets. Saab CEO Micael Johansson expressed enthusiasm, noting the growing interest in Gripen fighters globally: “The more countries that select the Gripen fighter … and it starts flying in operations in more countries, the more people understand what a fantastic capability this is.”
Sweden has been a significant supporter of Ukraine, contributing 128 billion Swedish crowns ($13.75 billion) in military and civilian aid, with additional funds allocated for future assistance. The collaboration with Ukraine not only strengthens Sweden’s defense ties but also supports its robust defense industry, which has seen increased demand following Russia’s invasion of Ukraine.
Ukraine’s air force currently operates a mix of Soviet-era and Western aircraft. The Gripen jets are viewed as a cost-effective alternative to more advanced models like the American F-35, offering ease of maintenance and versatility in operations, including take-offs from ordinary roads.
This deal signifies a strategic partnership that benefits both nations, enhancing Ukraine’s defense capabilities while bolstering Sweden’s defense industry on the international stage.
